10 factors that influence the valuation of your home
10 factors that influence the valuation of your home
If you want to sell your house, you must first know what value you can put it up for sale. For that you must go to the real estate valuation. This is a report that considers the supply, demand, conditions and infrastructure of the neighbourhood, among other factors, to determine the price of your home.
Valuing a home correctly is very important both when buying and selling it, since it allows you to determine its real market price. However, there are a number of factors that can have a very important influence on the valuation of a property.
10 factors that influence when determining the value of your property:
- Location
- Orientation
- Connection and services
- Area
- Age and condition
- Edification
- Energy efficiency
- Urban situation
- Occupation
- Legal and administrative situation
Location
Location is one of the main factors influencing a valuation. The most sought-after areas range from the city center to the beachfront, passing through areas of commercial activity. As we can see, not only the location is important, but also the services that surround it. It is also true that certain areas are regularly more in demand than others and this can mean an increase in the sale price. Do you want to know a little more about the best areas to live in Fuengirola?
Orientation
Another factor that influences the appraisal of a home is orientation. A property facing north or south has different advantages depending on the brightness, ventilation. A correct orientation can lead to great savings in energy consumption.
Connection and services
In line with the importance of location, connections to good communication accesses and services close to a property are key in the valuation of the home. We are talking about public transport, shopping areas, educational centers, health centers, green spaces, etc.
Area
The useful area, privately built and the common areas, as well as the interior distribution of the house and the proportionality of the rooms are very important parameters in the factors that influence an assessment.
Age and condition
It is also necessary to take into account the age of the home or building and, consequently, the state of the home, since it may imply costs in spills or reforms. So, when buying a home, take a good look at the state of conservation, the habitability, the construction quality and the work needs.
Edification
The main characteristics that affect the appraisal around the building are: community areas and gardens, availability of a lift, doorman, central heating, etc., and architecture of the building.
Energy efficiency
Sustainability is a rising value and it is increasingly taken into account not only to help reduce pollution, but also to save energy bills. The use of efficient elements such as material, solar panels, heated windows, etc. They can lead to savings of up to 30% in energy consumption.
Urban situation
Among the factors that influence an appraisal, the urban situation where the property is located is important, whether or not it conforms to urban uses and parameters.
Occupation
The use that is going to be given to the house has an influence on the appraisal. It is not the same if the home is owned, if it is intended for sale or rent and if it is illegally occupied.
Legal and administrative situation
You have to check the registration status of the property in terms of ownership, charges and description.
If you need an appraisal of your home, call us without obligation, at LV Architecture & Real Estate we will be happy to help you and carry out your appraisal at no cost.
